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Performance Management at Steel Co.

   

Added on  2020-01-28

7 Pages2013 Words103 Views
Leadership Management
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Managing People
Performance Management at Steel Co._1

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK...............................................................................................................................................1Structural framework of individual performance targets to maximize organizationalperformance............................................................................................................................1Ways through which performance management system can be used to improve employeesdevelopment and communications.........................................................................................2Need of integration of performance management system with other human resource process................................................................................................................................................2Linkage of performance effectiveness with the financial reward..........................................3CONCLUSION................................................................................................................................4REFERENCES................................................................................................................................5
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INTRODUCTION Performance management is the process which is used in the organization to effectivelymeet goals and objectives of the company (Boxall and Purcell, 2011). Basically, this helps thefirm to function for a longer period of time by engaging the workforce into several activities.Steel Company (Co.) has been chosen as a part of current study. It is a small manufacturing firmwith sixty five male employees to manufacture steel (Gruman, 2005). The present reportdiscusses about the performance management of the individual in such form that theperformance of the firm can be enhanced. Performance management system is evaluatedeffectively for improving employee’s development and communications. Further, performancemanagement systems are integrated with the human resource process to manage the entireworking by linking the performance effectiveness with the financial reward.TASKStructural framework of individual performance targets to maximize organizational performanceEach employee has certain characteristic to perform the role and manage entire workingin an effective manner. The organization performance can be enhanced with the help ofemploying right person at the right place to manage entire work. There are various driving forceswhich help the employees to enhance their working capabilities to carry out entire working inSteel Co. (Nuti, Seghieri and Vainieri, 2013).All organizations follow the specific structure to carry out the operations in order to meetthe desired objectives. Likewise, Steel Co. has also adopted the effective target policy whichhelps the employees to manage their performance as per the aims and objectives. The employeescarry out the entire operations in the predefined framework which ensures that the objectives areattained in an effective manner.The entire work of the employees at Steel Co. is aligned in a systematic manner byadopting time allocation tactics. This helps the employees to maximize individual potential aswell as organizational performance. The working of the employees is targeted towards the goalswhich are required to be attained properly so that the entire functioning of Steel Co. is carried outsmoothly.In order to maximize the organizational performance, Steel Co. has assigned properguideline to align their operational activities in a proper manner through which the work can bemanaged and performance target can be attained effectively (Chiang and Birtch, 2012). With the1
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